Gold prices ended 2011 up about 10 percent over a year earlier, but prices fell over the last few months of the year. What’s in store for 2012?
The yellow metal has risen in price every year for the past 11 years. But analysts are split over whether the trend will continue in 2012. Still, some of the underlying conditions that tend to lead to high prices for gold — low interest rates and slow economic growth — are likely to continue well into 2012.
So if you agree with that philosophy, it may not make sense to sell your gold or gold-backed investments just yet. In fact, a further dip in price may be considered a buying opportunity. (more…)